BPM’s Dmitri Alexeev, Tax Partner and Digital Assets and Blockchain Industry Group Co-Leader, moderated an Accounting Blockchain Coalition (ABC) webinar on January 31, 2020 that touched on 1099s and Cryptocurrency. Five industry experts shared their insights and information, as well as answered some questions from the blockchain community about digital assets tax reporting.

Aside from Dmitri, the panel included:

• Roger Brown, Head of Tax and Regulatory Affairs, Lukka, Inc.
• Shehan Chandrasekera, Head of Strategy, Tax, CoinTracker, and ABC Taxation Working Group Co-chair
• Pat Larsen, CEO and Co-founder, Zenledger.io
• Wendy Walker, Solution Principal, Sovos

In the webinar, panelists answered questions, such as: “What’s the most important trend you are seeing in non-income tax reporting?”and “What’s the biggest change in non-income tax reporting for digital assets and blockchain companies over the last year or so?”

Information also touched on it the video include new IRS virtual currency guidance, Revenue Ruling 2019-24, the impacts on individual and business filers, tax controversy, industry trends and emerging issues, as well as best practices.

BPM Partner Dmitri Alexeev is also the ABC Taxation Working Group Co-chair.

BPM for Blockchain/Digital Assets

BPM is one of the largest West Coast-based CPA firms that specializes in serving the digital assets and blockchain industry. BPM provides individual and business tax and audit compliance, consulting and tax structuring services. Our professionals have extensive knowledge and experience in dealing with accounting and auditing matters, as well as regulatory and compliance issues, including revenue recognition, IT compliance, enterprise risk management and classification of digital assets.